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OILU
$56.00+$3.64 (+6.71%)live
Change+$32.56
Held by
0
portfolios on TandT
Bookmarked by
0
users
Avg position size
—
of holders' portfolios
13F filers
0
institutions
52-week range
$19.78 – $61.42
87% from low
Sector
COMMERCIAL BANKS, NEC
Exchange
ARCX
ETN
MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN
OILU is a 3x leveraged Exchange Traded Note (ETN) designed to provide magnified, bullish exposure to a concentrated selection of U.S. companies within the oil and gas sector. Its underlying index goes beyond traditional exploration and production, encompassing three distinct energy segments: integrated oil and gas, upstream activities, and downstream and midstream operations. Notably, Master Limited Partnerships (MLPs) are explicitly excluded from the index. Constituents are chosen from the top 25 companies by market capitalization, with their individual weights determined by their minimum average daily trading value over one and six-month periods. The portfolio is allocated with specific segment weightings: 30% to integrated oil and gas exploration and production, 50% to upstream energy, and 20% to downstream and midstream operations. Due to its geared nature, OILU is exclusively suited for intraday trading strategies. Holding it for extended periods can lead to substantial deviations from the index's performance, primarily because of daily compounding effects. Furthermore, as an ETN, investors are exposed to the credit risk of the issuing institution.
www.microsectors.com/oil-gas-exp-prod- Employees
- 53,234
- IPO / List date
- Nov 9, 2021
- HQ
- TORONTO, A6, US
Held by traders on TradeandTell
No one on the platform currently holds OILU.
Super investors & insiders
Institutions holding (13F)
No tracked institution reports a position in OILU as of their last filing.
Insider activity (SEC Form 4)
Recent trades on TradeandTell
No one on the platform has traded OILU yet.
